2011Chicago United Year in Review

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V I S I O N F R O M T H E C H A I R M A N

It’s been said that the best example of leadership, is

leadership by example. This quality and approach

continue to shape Chicago United’s accomplishments

for its members and the greater business community.

The transformative times in which we live demand

this type of leadership.

Through its advocacy work, Chicago United motivates

CEOs to lead the way in advancing diversity and inclusion

by encouraging them to lead the discussions and actions

that make progress possible. Diversity and Inclusion aren’t

just buzz words thrown around by executives, but a clear

business imperative.

Chicago United board members know the work is important,

so they roll up their sleeves to promote diversity and inclusion

within their own organizations and beyond. I commend their

true leadership.

Activities executed in 2011 underscore Chicago United’s

commitment to driving members toward profound change.

To set the tone for another positive year, new board leadership

was announced to continue steering our work forward. The

compilation of the 2011 Business Leaders of Color was another

great demonstration of our vision to maximize multiracial

talent throughout corporate boardrooms. The 8th Annual

Changing Color of Leadership Conference and Bridge Awards

dinner enabled business leaders to learn from each other,

share proven best practices and celebrate progress. All of

these efforts will make multiracial leadership in business and

parity in economic opportunity a reality.

With your support, Chicago United will continue to leverage

current programs and resources to spur business growth

and strengthen outcomes.

As we look ahead to 2012, we are excited to sharpen our

vision and serve the ever-changing needs of our members

and our city.

Leading by Example Toward a More Inclusive Future

Joseph A. GregoireRegional President – Illinois Banking, PNC Bank

Chairman, Chicago United Board of Directors

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For more than 40 years, Chicago United has built an

impressive track record toward driving a vision and

an agenda of economic inclusion in our region. Despite the

ebb and flow of the economy, and great political and demo-

graphic changes, the one thing that remains constant is our

organization’s mission to advance multiracial leadership to

achieve economic parity.

At every turn in 2011, we set out to strengthen our members

in the areas of corporate governance, executive management,

and business partnerships. Whether it was connecting

senior leaders with nonprofit board directorships through

the BoardLink program, growing the regional economy

through increased spending between Five Forward com-

mitted corporations and MBEs, compiling the city’s most

talented Business Leaders of Color to showcase viable board

candidates to Fortune 1,000 corporations, or developing a

Corporate Governance Executive Development Program with

Notre Dame’s Mendoza College of Business, we made great

strides toward realizing our mission.

Our motivation comes in many forms. Seeing tangible

results that result from stronger partnerships between

minority-owned businesses and large corporations,

bottom line growth that results from a diverse set of

ideas, and an increased number of Changing Color of

Leadership participants seeking knowledge that will

help them in their positions are impetus for us to continue

making progress. Helping our constituents see how multi-

racial leadership and economic inclusion work together to

grow business for everyone is the way Chicago United will

continue to be differentiated.

Our desire is to continue to be the relevant resource on

which our members have come rely. As we align our vision

with the issues and needs of our members today, we can

better deliver effective programs and tools that will yield

better companies and stronger communities.

M E S S A G E F R O M T H E P R E S I D E N T

Creating a Stronger Social and Economic Fabric Through Diversity & Inclusion

Gloria CastilloPresident, Chicago United

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The board of Chicago United is committed to ensuring that the organization remains a relevant, differentiated, and effective resource to Chicago’s business community. It seeks to create systemic change that can yield solutions to economic and social challenges facing the entire region. In 2011, Chicago United’s Board of Directors undertook a strategic visioning review process to better understand the needs of our members, the unique value the organization provides, and opportunities to expand our offerings in 2012 and beyond. The results of this session will allow the organization to focus its resources more sharply on the relevant needs of its members. This process yielded updated mission, vision, and value statements.

2011 Year In Review – Driving the Inclusionary Vision

Board of Directors Strategic Visioning Sessions

Proven, successful programs designed to advance multiracial leadership and grow minority business enterprises have laid the foundation for Chicago United’s work. But in the coming year, members of Chicago United will see the organization focus on driving enhanced value in three unique ways.

For chief executives, Chicago United serves as a catalyst for conversations that allow them to share common ex-periences and values surrounding diversity and inclusion. The organization seeks to invigorate CEOs and corporate board members as they steward culture change within their enterprises, particularly within C-suites. As always, fact-based analysis will inform these conversations.

Diversity and inclusion practitioners gain value from Chicago United as a consultant, providing research, best-practice recommendations, and expert points of view. In this role, the organization is a resource for practitioners who activate diversity and inclusion as a business imperative.

Chicago United connects and convenes its members and supporters, along with the greater business and civic

communities, as it advocates the need for parity and equal opportunity to maximize human potential in the workforce. The organization enhances value by creating an environment where racially diverse CEOs and executive level management can share mutual experiences and build new relationships with those who have common values.

This three-fold focus on Chicago United’s audiences will enhance new impact to the organization’s work in corporate board governance, the executive pipeline and minority-owned businesses partnerships. The resulting Chicago United pro-grams will recommend innovative, leading-edge approaches to leveraging inclusion as a true business imperative, one that benefits all stakeholders.

Since its founding, Chicago United has worked to create paths for business leaders of color as it strives for economic parity for all races in Chicago. The largest opportunity for corporations to maximize resources is to ensure that historically under utilized talent is fully deployed. Chicago United will continue to strive to close the gap between race and business.

CHICAGO UNITED’S MISSION, VISION, AND VALUE STATEMENTS

Chicago United promotes multiracial leadership in business to advance parity in economic opportunity.

Chicago United is the premiere organization creating an environment where racially diverse CEOs and executive level management can share common experiences to promote multiracial leadership in governance, management, and business partnerships while delivering best practices for diversity practitioners and building relationships among leaders that share common values.

We support the business community’s need to maximize the use of corporate and entrepreneurial talent and bring together diverse senior business leaders to break through barriers to realize the benefits of diversity and inclusion.

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Chicago United Member Meetings

Chicago United is continually producing breakthrough research and programs that take the best of many years of diversity and inclusion best practices and combines them with innovative approaches to create systemic sustainable change. That work could not be completed without the participation of an active membership.

Annual Members MeetingMarch 8, 2011 Host: Blue Cross Blue Shield of IllinoisDouglas M. Goare, president, McDonald’s Europe and outgoing chairman, presented the 2010 achievement overview, followed by the installation of 2011 board members including Joseph Gregoire, regional president– Illinois, PNC Bank, as the incoming chairman and Gordon Werkema, first vice president and COO of the Federal Reserve Bank of Chicago, as the new vice chairman. Gloria Castillo presented the Leaders Awards followed by a key-note address from Ellen M. Costello, chief executive officer, BMO Financial Corp. (formerly Harris Financial Corp.) and U.S. Country Head on creating a unified culture based on customer needs.

CEO Council MeetingsJanuary 26, 2011Host: Ernst and Young LLPIrene Davis, partner, E & Y, provided welcoming remarks followed by presentation from three Chicago United MBE CEO members. John Sterling of Synch-Solutions and Monica Walker of Holland Capital Management shared their perspectives on the status of MBEs locally and nationally.

April 27, 2011 Host: Ariel Investments, LLCAfter welcoming remarks by John W. Rodgers, Jr., chairman and chief investment officer, Ariel Investments, LLC, Gloria Castillo facilitated a discussion about the state of board diversity in Chicago.

September 28, 2011Host: Quarles & Brady, LLPJohn W. Daniels, chairman, Quarles & Brady LLP, welcomed CEO Council members for the final meeting of 2011. Dr. Ed Boswell, leader of the U.S. Advisory People and Change practice for PwC and Lawrena Colombo, a Chicago United member who leads PwC’s M&A HR Solution Sets within the People and Change practice, shared observations and trends from their 14th Annual Global CEO Survey.

Leaders Council MeetingsMarch 2, 2011Host: Mesirow FinancialJuan Avila, senior vice-president, Mesirow Financial and Business Leader of Color Program chairman, provided a status of the BLC selection process and project. Marjorie Paddock, director of Diversity & Inclusion, BMO Harris Bank, and Kevin Slaughter, partner, Quarles & Brady LLP, also provided an update on the “Leaders Council Pipeline Project Career Mentoring Program”.

May 5, 2011Host: The Federal Reserve Bank of ChicagoValerie Van Meter, senior vice president, Federal Reserve Bank of Chicago gave opening remarks and Gloria Castillo provided an update and led a robust discussion on programs in development at Chicago United.

September 8, 2011Host: Rush University Medical CenterBeverly Huckman, associate vice president for equal op-portunity, Rush University Medical Center, hosted a tour of the new Rush Tower followed by a special welcome from Larry J. Goodman, president and CEO, Rush University Medical Center. Tyronne Stoudemire, global director of community, Diversity & Inclusion, Aon Hewitt, Aon Corporation made a presentation titled “The Path to Inclusion” which demonstrated how our own biases tend to distort our daily interactions with other people in the work place.

(left to right) Joseph Gregoire, regional president–Illinois, PNC Bank, Ellen M. Costello, chief executive officer, BMO Financial Corp. (formerly Harris Financial Corp.) and U.S. Country Head, and Douglas M. Goare, president, McDonald’s Europe, at the 2011 Chicago United Annual Member Meeting.

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2011 Year In Review – Driving the Inclusionary Vision

Chicago United launched a new partnership with the University of Notre Dame’s Mendoza College of Business Executive Education team in 2011 to prepare executives of color who seek to become corporate board directors.

Through the first-of-its-kind Corporate Governance Executive Development Program, Chicago United, along with the highly-regarded Executive Education team, seeks to assure that participating African-American, Hispanic-/Latino-American and Asian-American executives are well-prepared for directorships. Additionally, the program will benefit corporations as they strive to seat boards that will increase their marketplace competitiveness and help bring them into greater compliance with federal oversight regarding disclosure of diversity and inclusion policies.

The inaugural Corporate Governance Executive Development Program was held in the fall on the Chicago campus of the University of Notre Dame. The program was open only to Chicago United Business Leaders of Color and individuals sponsored by Chicago United corporate members. The program is designed to:

• increase participants’ awareness of desired board director competencies in order to be attractive nominees and valued board members;

• develop a working knowledge of corporate board governance, structures, and challenges in today’s evolving marketplace;

• lead participants to develop and begin implementing an individual strategic plan to attract corporate board invitations;

• encourage integration of values-based leadership and ethical decision-making in current and future roles and responsibilities; and

• facilitate networking with peer business leaders, current and past members of corporate boards of directors, chief executives, and University of Notre Dame thought leaders.

“This partnership with the University of Notre Dame is an exciting expansion of Chicago United’s initiatives to help corporations meet the challenges of an increasingly diverse business environment and rapidly changing global demographics,” said Gloria Castillo, president of Chicago United. “Our Business Leaders of Color publication proves that Chicago United can identify executives of color who are ready for the responsibilities of a director. And now, this development program helps those individuals join boards ready to contribute at the highest levels, even as the director’s responsibilities evolve.”

The program draws upon faculty who are key contributors to the Mendoza College’s Executive Education program. The program is led by Jim Davis, who has extensive experience in working with executives and boards. Prof. Davis is a widely recognized expert in corporate governance, strategic decision-making, trust, stewardship, and social capital. The Academy of Management has recognized his research on trust as the best research of the decade.

“Notre Dame Executive Education is delighted to support Chicago United in this unique effort to develop leaders of color who seek to position themselves as attractive candidates for board of director roles,” said Joseph O’Hannigan, senior associate director of Executive Programs at the Mendoza College of Business. “This Corporate Governance Executive Development Program is the result of extensive and thoughtful collaboration between Chicago United and Notre Dame Executive Education.”

Corporate Governance Executive Development Program Chicago United and The University of Notre Dame’s Mendoza College of Business Executive Education

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The Corporate Governance Executive Development Program is delivered over two sessions, with work required of the participants in the inter-term. The first session, covered in three consecutive days, provides the majority of the content including:

• active learning and practice with the concepts and tools that participants will implement on a corporate board;

• enhanced self-awareness through The Leadership Circle 360° Profile results;

• a one-on-one, 90-minute, executive coaching session;

• introduction to individual strategic planning through which the participants will be challenged to start to develop and position themselves more effectively as attractive board candidates; and

• interaction with guest CEOs and board directors.

After the first session the participants are given eight weeks to refine and start implementing their individual strategic plans for pursuing directorships. Subsequently, the second session requires the participants to present their progress, obstacles, and insights as they have refined and implemented their individual strategic plans. They present these updates to, and receive feedback from, their program peers and a panel of senior executives and/or members of corporate boards of directors.

A key component of the program is the involvement of CEOs, current or past corporate board members, and other senior executives at specific times throughout the program. These special executive guests, drawn from the Chicago United and Notre Dame networks of business leaders, will interact with the participants and share their insights.

The Corporate Governance Executive Development Program was delivered in two parts, with work required of the participants in the inter-term. The first session took place over a three-day span (October 4 – 6th, 2011). The final session was held on December 6th of 2011.

Ten outstanding multiracial business leaders completed The Corporate Governance Executive Development Program.

High profile guest executives such as Sheila Penrose (Jones Lang LaSalle, McDonald’s Corporation), Dick Noteabart (AEP, Cardinal Health, and Aon Corporation), Andy McKenna (McDonald’s Corporation, Aon Corporation, Schwarz Supply Source, and Skyline Corp.), Lou Nieto (Auto Zone Inc. and Ryder Inc.), and Dr. Carolyn Woo (Aon Corporation and NiSource Incorporated) spent time with this exclusive cohort. After the first session the participants were given eight weeks

to refine and start implementing their individual strategic plans. The second session took place eight weeks after the first session and consisted of the participants presenting their progress, obstacles, and insights as they have refined and implemented their individual strategic plans. They presented these updates to, and received feedback from, their program peers and a panel of senior executives.

Chicago United is in the process of surveying participants to understand the benefits derived and what improvements should be considered to strengthen results moving forward.

Chicago United plans to continue this program in the fall of 2012.

The Inaugural Class

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2011 Year In Review – Driving the Inclusionary Vision

Business Leaders of Color Publication

Now that corporate profits are on the rebound, the strategic investments that are necessary to delight customers and pull away from the competition will recapture the focus of many corporate boards of directors. And, in a globally-connected world that is seeing rapid and massive demographic

changes each year, corporate boards will need to be more diverse and inclusive in order to compete successfully.

According to Chicago United’s most recent Corporate Diversity Profile, a diverse and inclusive board of directors is necessary for growth in a marketplace that is increasingly influenced by people of color. The Profile indicates, “In a growing body of research, there are a number of studies that highlight the correlation of board diversity to corporate performance. Over a 5-year period, a high ratio of diverse corporate boards outperformed the Dow Jones and NASDAQ indices per California Public Employees’ Retirement System’s Investment Committee’s (CALPERS) examination of key metrics. The key metrics measured by CALPERS include return on equity, return on sales, and return on invested capital. These findings would indicate that diversity on corporate boards contributes to a company’s ability to obtain optimal performance.”

Along with this research, board governance experts know that the Securities and Exchange Commission, in item 407(c) of Regulation S-K, requires a company to disclose whether, and if so how, the nominating committee or board of directors considers diversity in identifying nominees for directors. According to the law firm of O’Melveny and Meyers, if a company has a policy regarding its consideration of diversity in identifying director nominees, the SEC requires disclosure of the manner in which that policy is implemented and the manner in which the nominating committee or board of directors assesses the effectiveness of the policy.

In the matter of diversity and corporate boards, it is now clear that competitiveness and compliance are at stake.

To help corporations meet these requirements, in 2011 Chicago United produced the fifth iteration of the Business Leaders of Color publication. In this publication, board chairmen, nominating committees, chief executives, and executive search firms can find exceptional individuals who currently serve, or are ready to contribute, as board directors of Fortune 1,000 companies.

Business Leaders of Color has become a highly-visible publication that demonstrates the level of diverse talent available in Chicago. The publication serves as a resource for those seeking to increase inclusion of diverse candidates in their boardrooms and business networks. Through identification of these exceptionally qualified leaders, Chicago United aims to accelerate the rate of change of diverse representation in corporate governance. We see the Business Leaders of Color publication used often as a reference. It also serves as inspiration, as was envisioned by the Chicago United thought leaders.

It takes tremendous contribution by many to create this impactful publication. Chicago United membership, as well as dedicated members of the community, rallied through five levels of committee review from nominations, screening, ranking, BLC committee balancing, and finally to the final Chicago United CEO Council approval. Once the committee work was completed, the highly committed production team began producing a publication of exceptional quality. A listing of individuals who participated in the production of this product is included in the “Acknowledgements” section of the publication itself.

We’d like to recognize here the incredible contribution of Committee Chair Juan Avila and the Committee Co-Chairs Pedro J. Cevalllos, Valerie J. Van Meter, Rahsaan Thompson and Kelli McMiller. We’d also like to thank Crain’s Chicago Business for their extraordinary contribution of the distribution of this publication. The individual Business Leaders of Color featured represent the kind of talent

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that companies seek, and they actively recruit and groom other accomplished executives as an integral part of their professional mission. They all speak about valuing and developing people and relationships as top priorities.

The Chicago United Business Leaders of Color demonstrate similar traits that have contributed to their success including integrity, unwavering commitment to delighting customers, a drive to improve their organizations, genuine concern for their communities, and a global perspective and experience. Additionally, we believe that a chief executive or chair of a board nominating committee will be inspired by the successful outcomes delivered by these men and women who embrace well-considered risks as opportunities. In an ever-changing global economy, companies must be open to new approaches to solving problems and expanding markets.

The Business Leaders of Color exhibit the innovation required to do that, and they lead their teams to do so as well. The 2011 Chicago United Business Leaders of Color

measure their success by the victories claimed by their protégés. This is more than altruistic. It is a good strategy to win the race for talent.

It is with great pride that we presented in this publication a sterling collection of men and women who have the business acumen and the breadth and depth of experience to contribute to the global competitiveness of corporations.

The Business Leaders of Color reception provided an opportunity for the current Business Leaders of Color honorees, past Business Leaders of Color honorees, and Chicago United members to meet one another in a private setting. The inspiring event was hosted by Northern Trust on October 13, 2011.

The Business Leaders of Color Panel Discussion

The African American Association for Personal and Professional Growth (APPG), a Federal Reserve Bank of Chicago diversity network group, presented a Business Leaders of Color panel event that took place on December 1, 2011. Three 2011 Business Leaders of Color honorees , Terrell D. Anderson, chief operations officer, Urban Partnership Bank, Carlos F. Cata, managing

partner, Marketing and Sales Officers Practice, Heidrick and Struggles, and Mabel C. Tung, practice executive, Corporate & Institutional Services, Northern Trust, shared their personal insights, advice, and career success strategies with attendees.

The Business Leaders of Color Reception

(left to right) Mabel Tung, practice executive, Corporate & Institutional Services, Northern Trust, Rick H. Waddell, chairman and CEO, Northern Trust Corp., and Deborah Liverett, senior vice president, director of Community Affairs, Northern Trust, hosted the Business Leaders of Color Reception.

The 2011 Chicago United Business Leaders of Color

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2011 Year In Review – Driving the Inclusionary Vision

Directors Roundtables: Practical Leadership for Corporate Directors

What to Do in a Crisis: Assisting the Board in Prevention and ResponseMay 19, 2011The first event in the series featured Moderator Brad Wilks, managing director, Chicago Office, Sard Verbinnen & Co. and panelists Daniel Diermeier, IBM professor of Regulation and Competitive Practice and director of the Ford Motor Company Center for Global Citizenship, Kellogg School of Management, Northwestern University; Jon Harris, senior vice president, Global Communications, Sara Lee Corporation; and Neil Novich, retired chairman & CEO, Ryerson.

This session considered the board’s role in preparing a corporation to deal with a crisis and provided recommendations on how to prevent and effectively respond to one.

Beyond Perfunctory... Creating a Robust Board EvaluationSeptember 21, 2011The second Governance Breakfast included M. Shan Atkins, independent director, Tim Hortons, The Pep Boys, Shoppers Drug Mart Inc. and Spartan Stores; Cynthia Jamison, lead independent director, Tractor Supply Company and independent director, B&G Foods, Inc.; and was moderated by Theodore L. Dysart, vice-chairman, Heidrick & Struggles International Inc. The panelists discussed how to move the conversation beyond compliance to strengthening value-enhancing engagement and the importance of self-assessment, board assessment and peer evaluations.

Immediately following this session, attendees were joined by Janice Hester Amey, portfolio manager in the Corporate Governance unit at the California State Teachers’ Retirement System (CalSTRS), one of the leading advocates for diversity in

governance. She discussed the role CalSRS takes in this arena. CalSTRS is a public pension fund established for the benefit of the California public school teachers over 80 years ago. CalSTRS serves over 800,000 members, retirees, and beneficiaries.

Stepping up to Leadership: What Nonprofits Need from Board MembersDecember 1, 2011Some of the most respected nonprofit organizations in Chicago presented the final session in the series to discuss the constraints they face in this continuing economic firestorm and what they need from their boards to sustain them. The panel included Francesca Edwardson, chief executive officer, American Red Cross of Greater Chicago, Ricardo Estrada, president and chief executive officer of Metropolitan Family Services, Richard Malone, president and chief executive officer, YMCA of Metropolitan Chicago, and Moderator E. David Coolidge, III, vice chairman, William Blair and Company.

In addition to fundraising, recruiting other committed volunteers, leading committees, and spreading the word about the import mission of the organization, this group also discussed another real challenge in today’s operating environment which is making sure leadership is focused on the strategy which will make or break the future of their organizations. An important criterion to for-profit nominating committees and search firms is demonstrated success as a nonprofit board member. Attendees of this session learned what it means to succeed on a nonprofit board and how it can serve as a stepping stone to other opportunities.

Governance Breakfast Series Collaborations Promote High Level Learning

Chicago United is proud to collaborate with firms that are also resources for corporate boards and their nominating committees. Chicago United produces these one-of-a-kind breakfasts, titled Directors Roundtable: Critical Issues in Leadership, in partnership with series host Katten Muchin Rosenman LLP and Shields Meneley Partners, Sard Verbinnen & Co., and Heidrick & Struggles. These sessions offer the Chicago United Business Leaders of Color an opportunity to learn about the critical responsibilities of a board director from those who know best.

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Calculating Diversity Return on InvestmentMarch 18, 2011Host: McDonald’s CorporationThis roundtable featured Dr. Edward E. Hubbard who made a presentation titled “Calculating Diversity Return on Investment.”

Benchmarking and Best Practices: Shaping the Further of the Corporate Diversity ProfileSeptember 16, 2011Host: Ernst & YoungWarren Smith, Midwest people leader, Americas People Team, Ernst & Young, facilitated a discussion on Chicago United’s Corporate Diversity Profile (CDP). The session included a review of the survey prepared for Chicago United by students participating in a Program Evaluation Class from the Applied Social Psychology Graduate Program at Loyola University Chicago. The roundtable considered the type of information diversity officers would find useful in the CDP.

The attendees of the Diversity Officer Roundtable expressed the desire to take part in developing the Corporate Diversity Profile to make it a more effective tool to drive their internal discussions. The goal of the task force will be to create a product that is a useful tool and thought provoking for our members and diversity and inclusion practitioners.

2012 Corporate Diversity Profile Task ForceIn preparation for upcoming 2012 Corporate Diversity Profile (CDP) the attendees of the Diversity Officer Roundtables, Chicago United convened the Corporate Diversity Profile Task Force to assist with the transformation of the Profile. The CDP is a biennial survey that measures racial diversity specifically in the leadership ranks of large corporations, on corporate boards, and in executive level management. It serves as a benchmark for corporations to measure their progress in this area.

The advisory Task Force will recommend ways to make the survey more relevant and useful to major corporations in their quest for increasing the inclusion of people of color in the executive ranks.

The Task Force met on December 8 and December 19,

2011, with one additional meeting to take place in January of 2012. Chicago United would like to thank the members for their participation.

CDP Task Force Committee Chair:• Warren Smith, midwest people leader (director of HR),

Ernst & Young

CDP Task Force Committee:• Deborah Baldwin, assistant vice president, Federal

Reserve Bank of Chicago• Karen Brown, global director, Inclusion and Diversity,

Baxter International• Cheri Chappelle, director, Diversity and Inclusion,

Illinois Tool Works, Inc.• Deirdre Drake, SVP, Human Resources, Harris BMO• Mike Escobar, diversity and organization effectiveness,

Allstate• Anuradha Hebbar, director, Strategic Diversity,

McDonald’s Corporation• LaShana Jackson, director - Diversity & Inclusion, Aon

Corporation• Salvador Mendoza, vice president Diversity & Inclusion,

Hyatt• Jim Norman, vice president, Diversity, Kraft• Nazneen Razi, SVP and chief human resources officer,

Health Care Service Corporation• Maude Tousaint-Comeau, economist, Federal Reserve

Bank of Chicago

Diversity Officer Roundtables

Chicago United’s Diversity Officer Roundtables are invitation-only forums for diversity practitioners to discuss topics relevant to advancing corporate diversity in Chicago’s business community. Two Roundtables were presented in 2011. A special Corporate Diversity Profile Task Force was a result of the second Roundtable which met two additional times in 2011.

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“The energy in the room that evening as we acknowledged our awardees was remarkable,” said Gloria Castillo, president of Chicago United. “It was an honor to celebrate with our members and supporters and build new relationships among leaders who share common values. We look forward to another impactful year of engaging programs that

promote multiracial leadership in business to advance parity in economic opportunity.”

Prior to the Bridge Awards, Chicago United presented the annual Changing Color of Leadership Conference. Bruce Gordon, former head of the National Association for the Advancement of Colored People (NAACP), retired president, Retail Markets Group, Verizon Communications Inc., lead director of Tyco International LTD, and director of CBS Corporation and Northrop Grumman, shared his thoughts and diversity and inclusion best practices with attendees at the Diversity Leadership Luncheon emceed by ABC 7’s Hosea Sanders.

The 8th Annual Changing Color of Leadership Conference

On November 16, 2011, the Chicago United 8th Annual Changing Color of Leadership Conference and Bridge Awards Dinner was presented by PNC. More than 1,000 supporters gathered to celebrate corporate diversity and inclusion at Chicago United’s Bridge Awards Dinner at the Hilton Chicago. The much-anticipated dinner culminated a day of enrichment and best-practice lessons for senior executives.

Emceed by Ravi Baichwal of ABC 7 Chicago, the Bridge Awards dinner recognized the 2011 Chicago United Business Leaders of Color, 45 men and women of color identified as strong candidates for Fortune 1,000 corporate directorships. Patricia Hemingway Hall, president and chief executive officer of Health Care Service Corporation (HCSC), received the annual Bridge Award for her efforts to advance diversity and inclusion in board governance, executive level management, and in business partnerships at HCSC.

2011 Year In Review – Driving the Inclusionary Vision

Local leaders help recognize Patricia Hemingway Hall and 45 Business Leaders of Color

(left to right) Joe Gregoire, regional president – Illinois, PNC Bank and chairman, Chicago United Board of Directors presents Patricia Hemingway Hall, president and chief executive officer, Health Care Service Corporation with the 2011 Chicago United Bridge Award Recipient together with Gordon Werkema, first vice president and COO, Federal Reserve Bank of Chicago and vice chairman, Chicago United Board of Directors

Dinner attendees included Illinois Gov. Pat Quinn and Cook County Board President Toni Preckwinkle who shared their remarks about the positive work Chicago United has done throughout the local business community.

Governor Pat Quinn, State of Illinois, addresses an audience of over 1,000 attendees at Chicago United’s Annual Bridge Awards Dinner

Bruce S. Gordon, former president & chief executive officer, NAACP, retired president, Retail Markets Group, Verizon Communications Inc., lead director of Tyco International LTD, and director of CBS Corporation and Northrop Grumman, shared diversity and inclusion best practices with attendees of the Diversity Leadership Luncheon.

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Conference highlights included two plenary sessions at which attendees gained thoughtful insights from successful business leaders responsible for enhancing inclusive corporate cultures at their companies. Plenary session one, “Frontline Perspectives from Business Leaders of Color” featured a panel of Chicago United’s 2011 Business Leaders of Color including Nim Chinniah, vice president for Administration and chief financial officer, The University of Chicago; Brett Hart, senior vice present and general counsel, United Continental Holdings, Inc.; and Mabel Tung, practice executive, Corporate & Institutional Services, Northern Trust. They shared their personal experiences with talent management, failure, opportunity, and leadership.

(left to right) Joe Gregoire, regional president – Illinois, PNC Bank and chairman, Chicago United Board of Directors, with the Stewarding a Unified Diversity and Inclusion Vision Plenary Session participants Anne Pramaggiore, president and chief executive officer, ComEd; Al Grace, co-founder and president, Loop Capital; Marsha Jones, senior vice president and chief diversity officer, PNC Financial Services Group; and Terry Mazany, president and chief executive officer, The Chicago Community Trust; and Gloria Castillo, president, Chicago United.

(left to right) Frontline Perspectives from Business Leaders of Color plenary session participants Dolores A. Kunda, founder and CEO, Lapiz; Nim Chinniah, CFO, The University of Chicago; Brett J. Hart, SVP, general counsel, United Continental Holdings, Inc.; David Arenas, managing director, Reilly Partners; and Mabel C. Tung, practice executive, Corporate & Institutional Services , Northern Trust.

The second session titled, “Stewarding a Unified Diversity and Inclusion Vision,” was moderated by Marsha Jones, senior vice president and chief diversity officer, PNC Financial Services Group. Panelists Anne Pramaggiore, president and chief executive officer, ComEd, Albert Grace, co-founder and president of Loop Capital Markets and Terry Mazany, president and chief executive officer of The Chicago Community Trust, discussed ways that they advance diversity as a business imperative.

The 9th Annual Changing Color of Leadership Conference and Bridge Award Dinner will be held on November 15, 2012 at the Hilton Chicago.

Proceeds from the 2011 Changing Color of Leadership Conference and Bridge Awards Dinner fund Chicago United programs including Five Forward, the Corporate Diversity Profile surveys, Diversity Officer Roundtables, Business Leaders of Color publications, Corporate Governance: An Executive Development Program, and BoardLink. We proudly thank our supporters:

Presented by:

Advocates for Change:

Corporate Citizens for Change:

Leadership Sponsors:

Media Partner:

Chairman’s Circle:

PRADO & RENTERIACertified Public Accountants

• Ariel Investments, LLC • Cabrera Capital Markets • Cano Container Corporation • CDW • Chapman and Cutler LLC • Charter One • Chicago Sinfonietta • Chicago Tribune Media Group • Columbia College Chicago • DeVry Inc. • Heidrick & Struggles • Holland Capital Management LLC • ITxM The Institute for Transfusion Medicine • Jewel-Osco • Katten Muchin Rosenman LLP • Loop Capital • McDonald’s Corporation • Mesirow Financial • MillerCoors • Nicor Gas • Nielsen • PwC • Primera Engineers, Ltd. • Quarles & Brady LLP • Robert R. McCormick Foundation • RR Donnelley • Rush University Medical Center • Schiff Hardin • SDI (System Development. Integration, LLC) • Seyfarth Shaw LLP • Smith Whiley & Company • TCF National Bank • UHC (University Health System Consortium) • University of Chicago • University of Chicago Medical Center • University of Illinois at Chicago • UPS • Urban Partnership Bank

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2011 Year In Review – Driving the Inclusionary Vision

Five Forward Initiative™ A Blue Print for Regional Economic Growth

Chicago United’s Five Forward Initiative™ continues to show significant progress as a blueprint for regional economic growth through minority-owned business development. In 2011, five new major corporations committed to Five Forward (FF) including Aramark, Microsoft, Northstar Lottery, Office Max, and University Health Systems Consortium/Novation. There 27 committed corporations in total and there are 95 minority business enterprise (MBE) firms participating in Five Forward.

Chicago United was awarded a grant from the State of Illinois in the amount of $50,000 for the period of June 1, 2011, through May 31, 2013, to underwrite a study of the economic impact of the Five Forward Initiative™. This study will be performed in conjunction with the University of Illinois Regional Economics Application Laboratory.

Corporations that have committed to the Initiative are making sustained investments in their MBE partnerships.

*The increase in Five Forward certified MBEs annual revenue is due in part to an increase in the number of companies reporting

The chart above illustrates Five Forward certified MBEs revenue versus annual goal. The total annual spend by Five Forward committed firms with MBEs exceeded annual goals for the past three years by 109%, 143%, and 163% respectively. In part, the leap in the increase in the percent of spend over goal is due to modest projections in the face of the recent economic challenges. However, if we compare the highest

goal set back in 2009 ($170,382,427) which was still early in the downturn, compared to 2011 sales ($224,743,730) we still achieved an impressive 132% of that goal today. The revenue for Five Forward certified MBEs was $224,743,730 which represents an increase of 2% over 2010 annual revenue.

0

$50,000

$100,000

$150,000

$200,000

$250,000

ActualGoal

201120102009

$170,382,427

$186,292,100

$154,847,876

$221,418,172

$137,627,7

33$224,74

3,730

0

$250,000

$200,000

$150,000

$100,000

$50,000

20112010

$215, 859,324

$222,129,554

Sales between the same Five Forward committed companies and their selected certified MBEs in 2010 and 2011

Five Forward Certified MBEs Revenue vs. Annual Goal

15

What is The Five Forward Initiative™?

The Five Forward Initiative™ enlists the commitment of CEOs of mid- to large-sized corporations in the Chicago area to establish or expand business relationships with five current and/or new local minority-owned firms. The initiative is designed to build a stronger regional economy and the scale of minority business.

The Initiative’s five-step process includes:

• The CEO meets with the chief diversity officer/supplier diversity directors to develop a strategy to integrate the initiative into current business diversity practices;

• Senior management conducts an analysis of local minority firms, in all spending categories, that serve the organization and/or identifies new high-potential firms;

• A process is developed in which senior management identifies strategic business opportunities and aligns regional economic stimulation goals based on organizational objectives and MBE core competencies;

• Metrics are developed to measure the firm’s performance in the first five years; and

• Senior management annually measures and reports the performance of their implementation of the Initiative.

The Five Forward Initiative™ stands apart from similar programs because often when public agencies report their spending with MBEs, it is issued as a commitment to spend with diverse suppliers and there is no further reporting.

BP America Inc. Five Forward Reception August 11, 2011BP America Inc. and Chicago United hosted the inaugural Chicago United Five Forward Caucus, where Five Forward committed companies’ CEOs and other executives had the opportunity to network with Five Forward MBEs’ CEOs. The purpose of the reception was to expose MBEs to other Five Forward committed companies, so that they can increase the possibilities of doing business with major corporations in Five Forward. MBEs also had the opportunity to initiate and expand relationships with other MBEs.

The previous chart illustrates an increase in sales for 13 original Five Forward relationships between committed companies and certified MBEs, similar to “same store sales.” Sales between these same 13 committed companies and certified MBEs in 2012 was $222,129,554 which represents an increase of 2.9% over the 2010 figure.

The Five Forward Initiative™ reviews not only the spending by the majority companies with their selected MBEs, but it also surveys the satisfaction levels on both sides of the equation – providing both quantitative and qualitative data, measured in real-time. The June 2011 satisfaction survey results show that the Five Forward committed companies’ satisfaction levels with their MBEs continues to improve.

Five Forward Committed Companies

(left to right) Alpha M. Brady, director, Policy Administration, American Bar Association, Michael W. Lewis, EVP, regional president, Chicago Metro Region, BMO Harris Bank N.A., Karen Eng, president & CEO at CSMI, Albert R. Grace, Jr., president, Loop Capital, Gloria Castillo, president, Chicago United, and Crystal E. Ashby, executive vice president, Government and Public Affairs, BP America Inc.

1. Advocate Health Care2. Aon Corporation3. Aramark Healthcare4. Ariel Investments, LLC5. Baxter International, Inc.6. BP America Inc.7. City Colleges of Chicago8. ComEd, An Exelon

Company

9. Ernst & Young10. General Electric11. BMO Harris Bank N.A.12. Health Care Service

Corporation13. Jewel-Osco14. Kraft Foods15. Loop Capital16. Macy’s Inc.

17. McDonald’s Corporation18. Mesirow Financial19. Microsoft20. Northwestern Memorial

HealthCare21. Northern Trust22. Northstar Lottery

Group LLC23. OfficeMax, Inc.

24. Rush University Medical Center

25. SDI (System Development. Integration, LLC)

26. Nielsen27. The University of Chicago

Medical Center28. UHC (University

HealthSystem Consortium)

16

2011 Year In Review – Driving the Inclusionary Vision

BoardLink

BoardLink is Chicago’s premier referral source that helps multiracial leaders and nonprofit organizations connect. BoardLink was developed by Chicago United to address a twofold challenge in the community: access to multiracial leaders for nonprofit board service and the lack of diversity on nonprofit boards. Since its inception in 2007, BoardLink has placed 21 multiracial leaders on nonprofit boards.

Candidate profiles more than doubled from previous years with 51 new profiles added in 2011 alone compared to 24 candidate postings in 2010, while nonprofit board postings remained a steady 22 for both years.

In 2011, there were 302 requests by nonprofit organizations to connect with candidates, which surpasses the 172 connection requests made by nonprofit organizations in 2010. There were 52 requests made by candidates to

connect with nonprofit boards in 2011. This surpasses the 25 connection requests made by candidates in 2010. In total, there were 354 requests to connect in the tool in 2011.In late 2011, a collaborative effort was convened by the Chicago Community Trust to include outreach to candidates associated with the Asian American Institute, Chicago United, Chicago Urban League, El Valor, and Leadership Greater Chicago. These six organizations understand the value that diversity brings to leadership and have made a commitment to the success of BoardLink. This unique collaboration will officially launch in early 2012.

The Chicago Community Trust awarded Chicago United a one-year grant in September, 2011, to fund this effort.

BoardLink Nonprofit Board Governance Training Sessions

Chicago United produced three nonprofit board governance training sessions titled Board Governance: Professional Development through Community Service. The sessions were hosted by Northwestern Memorial Hospital and were held on March 15, May 19, and September 14, 2011.

There were 60 students in total who attended the program. These individuals represented a combination of existing BoardLink candidates, new candidates, and Chicago United members. There were 24 new candidate profiles added as a result of this effort.

A comprehensive four-hour session on nonprofit governance was provided in partnership with Kellogg School of Management and Northwestern University Center for Nonprofit Management/SEEK. The session was taught

by Liz Livingston Howard and Ann Cohn Donnelly, D.P.H., both professors at SEEK. As a former executive director of Prevent Child Abuse America, Dr. Donnelly drew upon her own experience to exemplify the challenges and rewards of working on behalf of a nonprofit board. This included case studies and discussions of the role of the CEO versus the role of the board, liability of a board member, board expectations, and reinforcing the vision and mission of the organization. Ms. Howard focused on one of the most important and difficult roles of a nonprofit board member: fundraising. Integrating her real world experience as a professional fundraiser, Ms. Howard demonstrated the most effective ways to not only seek contributions from your social network but also ways to engage them with the nonprofit organization long-term.

The training was valued at $500 per individual but was free for individuals who built a candidacy profile online.

Ann Cohn Donnelly, D.P.H., senior lecturer in Social Enterprise at the Kellogg School of Management, Northwestern University

17

Chicago United and Chicago Scholars Collaborate on Career Mentoring Initiative

Chicago United and The Chicago Scholars Foundation produced a series of sessions to introduce Chicago Scholars to members of CU’s Leadership Council. The Leaders Council members served as mentors and role models helping Scholars gain essential knowledge and skills they will need for various industry segments and professions.

“Chicago United’s Leaders Council members will provided valuable counsel to the next generation of Chicago’s workforce by assisting junior- and senior-year college students to identify and prepare for career opportunities,” noted Chicago United President Gloria Castillo. “Development of these future leaders complements Chicago United’s advocacy to increase economic opportunity for all races by promoting multiracial leadership development.”

The goal of the career mentoring initiative was to produce valuable interactions between aspiring students and seasoned professionals to create a smoother transition from college to career for students.

“To remain a world-class city, Chicago needs a diverse and educated workforce,” Karen G. Foley, president at Chicago Scholars, said. “Our Scholars are academically ambitious achievers who are eager to benefit from the experience of leaders working in a wide range of career professions. I know our scholars will benefit from exposure to Chicago United’s outstanding career professionals, and I have this hunch that the mentors will learn a lot also.”

The June 23, 2011, session was hosted by The Federal Reserve Bank of Chicago and included the following mentors:

• Valerie J. Van Meter, senior vice president, CFO and director, Office of Minority and Women Inclusion Federal Reserve Bank of Chicago

• Maribel Mata Benedict , partner, Katten Muchin Rosenman LLP

• Juan C. Avila, senior vice president, Mesirow Financial• Darryl Tom, partner. Quintairos, Prieto, Wood & Boyer, P.A.• Lancert A. Foster, CPA , vice president, RGMA• David Rudd, vice president, The Axis Company/Weber

Shandwick

The July 20, 2011, session was hosted by Rush University Medical Center and included the following mentors:

• Beverly B. Huckman, associate vice president for Equal Opportunity, Rush University Medical Center

• Jacki Robinson-Ivy, VP- Public Affairs and Government Relations, Northern Trust

• Michelle R. McGovern, sr. vice president Human Resources, Mesirow Financial

• Daryl Newell, director, Consumer Banking , Urban Partnership Bank

• Katéy Assem, executive director, Chicago State University Foundation

Darryl Tom, partner. Quintairos, Prieto, Wood & Boyer, P.A. speaks to Chicago Scholars about law and public finance.

Valerie J. Van Meter, senior vice president, CFO and director, Office of Minority and Women Inclusion, Federal Reserve Bank of Chicago answers Scholars questions at mentoring session.

18

2011 Most Valuable PartnerJuan Avila, Senior Vice President, Mesirow Financial

2011 Chicago United Program ChampionTina Bova, Sr. Manager, Supplier Diversity & Sustainability, Baxter International Inc.

2011 Chicago United Ambassador Janine Landow-Esser, Partner and Chair, National Diversity Committee, Quarles & Brady LLP

2011 Chicago United BenefactorMaria Lin, Director, Human Resources, Northwestern Memorial HealthCare

2011 Organizational Visionary Patrick R. Scotto di Luzio, VP and Managing Director, US Strategy, BMO Financial Group

2011 Ambassador Honorable Recognition

Katéy Assem, Executive Director, Chicago State University Foundation

Julian E. Brown, Corporate Contributions Manager, Nicor Gas

Derrick E. Buckingham, Vice President, The Hollins Group Inc.

Willie E. Carrington, Principal, Carrington & Carrington, Ltd.

Lester Coney, Executive Vice President, Mesirow Financial

Glenn B. Eden, Senior Vice President, Weber Shandwick

Pat Harris, Global Chief Diversity Officer, McDonald’s Corporation.

Beverly B. Huckman, Associate Vice President for Equal Opportunity, Rush University Medical Center

Jeanne K. Mason, Corporate Vice President of Human Resources, Baxter International Inc.

Wynona Redmond, Vice President, Corporate Social Responsibility, Northstar Lottery Group, LLC

David Rudd, Vice President, The Axis Company/Weber Shandwick

Fred H. Siegman, President, Siegman Consulting Services

Tyronne Stoudemire, Global Director of Community, Diversity and Inclusion, Aon Hewitt Aon Corporation

Darryl Tom, Partner, Quintairos, Prieto, Wood & Boyer, P.A.

Jackie S. Woodward, Vice President, Marketing Services, MillerCoors

2011 Benefactor Honorable Recognition

Bradford L. Ballast, VP & Managing Director, Community Affairs, BMO Harris Bank N.A.

Valerie Corr Hanserd, Director, Government and Public Affairs, BP America Inc.

Jacki Robinson-Ivy, VP- Public Affairs and Government Relations, Northern Trust

William Sharp, Vice President Corporate Community Affairs, Blue Cross Blue Shield of Illinois

Leaders Awards

2011 Visionary Honorable Recognition

Kevin B. Brookins, Vice President, Operational Strategy & Business Intelligence, ComEd

Karen Brown, Global Director, Inclusion and Diversity, Baxter International Inc.

Lawrena Colombo, Partner, PricewaterhouseCoopers LLP

Albert R. Grace, Jr., President, Loop Capital

Wallace Harris, Jr., Regional President, Chicago North Region, BMO Harris Bank N.A.

Kevin Slaughter, Partner, Quarles & Brady LLP

Valerie J. Van Meter, Senior Vice President, CFO and Director, Office of Minority and Women Inclusion, Federal Reserve Bank of Chicago

19

2011 Program Champion Honorable Recognition

Lenny D. Asaro, Attorney at Law, Neal & Leroy, LLC

Deborah Baldwin, Assistant Vice President, Federal Reserve Bank of Chicago

Adrienne Banks Pitts, Partner/Litigation Commercial, Sidley Austin LLP

Kim Barker – Lee, Vice President, Legal and Regulatory Compliance, Northstar Lottery Group, LLC

Jeremiah Boyle, Managing Director - Economic Development, Federal Reserve Bank of Chicago

Carolynn Brooks, Vice President, Chief Diversity Officer, OfficeMax, Inc.

Michael J. Cabrera, President, UBM Facility Services

Olga Camargo, Senior Vice President, Investment Advisory, Mesirow Financial

Pedro J. Cevallos-Candau, Ph.D., P.E, CEO & President, Transportation & Infrastructure, Primera Engineers, LTD.

Hugo Chaviano, Partner, Sanchez Daniels and Hofffman LLP

Leana B. Flowers, Director of Community Affiars, Urban Partnership Bank

Kathy Ford, Partner, Ernst & Young LLP

Lancert A. Foster, CPA, Vice President, RGMA

Shelly Green, Senior Director, Talent Management, Diversity & Corporate HR, USG Corporation

Heather J. Haberaecker, Executive Assistant Vice President for Business & Finance, University of Illinois At Chicago

Debra Jennings-Johnson, Director - Supplier Diversity, BP America Inc.

Valerie King, Director of Marketing Holland Capital Management

Fawn Lopez, Vice President-Publisher, Crain’s Communication/Modern Healthcare/Modern Physician

Maribel, Mata Benedict, Partner, Katten Muchin Rosenman LLP

Michelle R. McGovern, Sr. Vice President Human Resources, Mesirow Financial

Leslie D. Minier, Chief Diversity Officer and Partner, Katten Muchin Rosenman LLP

Juan J. Mir, Senior Vice President, Treasury Management, PNC Bank

Dennis Montgomery, President, COR Consulting Group

KC Mosley, Sr. Manager, Enterprise Supplier Diversity, Vice President U.S. Procurements & Strategic Sourcing, BMO Harris Bank N.A.

Daryl Newell, Director, Consumer Banking, Urban Partnership Bank

Melissa O’Neill, Director, Management Selection & Planning, Advocate Health Care

Marjorie Paddock, Director of Diversity and Inclusion, BMO Harris Bank N.A.

Nadia M. Quarles, Assistant Vice President for Business Diversity, University of Chicago

Hilda S. Renteria, Partner, Prado & Renteria CPA’s, Prof. Corp.

Lisa A. Rowe, Senior Vice President, Strategic Procurement, Aon Corporation

Andrea Schwartz, VP, Media Relations & Cause Marketing for Macy’s North and Midwest Regions, Macy’s

Phillip W. Styles Jr., Director - Supplier Diversity & Strategic Alliances, Aon Corporation

James S. Williams Jr., Business Diversity Manager, University of Chicago Medical Center

Eric V.A. Winston, Ph.D., V.P. Institutional Advancement, Columbia College Chicago

300 East Randolph Street, Suite CL920Chicago, IL 60601-5083 Phone: 312-977-3060 Fax: 312-977-3089 www.chicago-united.org

T H E W O R K O F C H I C A G O U N I T E D I S M A D E P O S S I B L E B Y T H E S U P P O R T O F O U R M E M B E R S :

Abbott Access Community Health NetworkAdvocate Health Care Aon Corporation A. Pomerantz & Co. Ariel Investments, LLCAzteca Foods, Inc. Bank of AmericaBattle Law Office, P.C.Baxter International, Inc. Beaman Incorporated Blackwell Global ConsultingBlue Cross Blue Shield of Illinois / Health Care Service Corporation BMO Harris Bank N.A. BP America Inc.Cabrera Capital Markets, LLCCarrington & Carrington, Ltd.Central City Productions Inc.The Chicago Community TrustChicago State University The Chicago Urban League Columbia College Chicago

ComEd, An Exelon Company Crain’s Chicago Business Creative Printing Services Endow, Inc.Environmental Design International, inc. (EDI)Ernst & Young LLP Federal Reserve Bank of Chicago Financial Executives InternationalGreeley and Hansen LLCHispanic Housing Development Corporation Holland Capital Management LLCThe Hollins Group, Inc.Infrastructure Engineering IncorporatedJohnson, Blumberg & Associates, LLCKatten Muchin Roseman LLPKeene Advisory GroupLaner, Muchin, Dombrow, Becker, Leving & Tominberg, Ltd.LifeSourceLoop CapitalMacy’s Inc.

McDonald’s CorporationMesirow Financial MillerCoors Mitchell & Titus LLPMZI Group, Inc.Neal & Leroy, LLC NicorNJW Consulting and NJW CompaniesNorthern TrustNorthstar Lottery Group, LLCNorthwestern Memorial HealthCare Odell Hicks & Company, LLC OfficeMax, Inc. PNC Bank Prado & Renteria CPAs, Prof. Corp.PricewaterhouseCoopers LLPPrimera Engineers, Ltd. Pugh, Jones & Johnson, P.C.Quarles & Brady LLPRGMARush University Medical Center Sanchez Daniels & Hoffman, LLP

Sara Lee Corporation SDI (System Development.Integration, LLC)Sidley Austin LLPSmith Whiley & Company Spencer StuartSynch-Solutions Inc.UBM Facility Services, Inc.The University of Chicago / The University of Chicago Medical CenterUHC (University HealthSystem Consortium)University of Illinois at Chicago UPSUrban Partnership BankUSG Corporation Washington, Pittman & McKeever, LLCThe Axis Agency/Weber ShandwickWedgeworth Business CommunicationsWynndalco Enterprises, LLC

B O A R D O F D I R E C T O R S 2 0 1 1

Officers

Joseph Gregoire, Chairman Regional President - Illinois Banking PNC Bank

Gordon Werkema, Vice Chairman First Vice President and COO Federal Reserve Bank of Chicago

Maria de J. Prado, Treasurer Partner Prado & Renteria CPAs, Prof. Corp.

Kevin B. Brookins, Secretary Vice President, Operational Strategy & Business Intelligence ComEd, An Exelon Company

Douglas M. Goare, Immediate Past Chair President McDonald’s Europe McDonald’s Corporation

Board Members

Olga Camargo Senior Vice President, Investment Advisory Mesirow Financial

Michael F. DeSantiago President Primera Engineers, Ltd.

Kathy Ford Partner Ernst & Young LLP

Albert R. Grace Jr. President Loop Capital

Ralph V. Hughes Vice President, External Affairs/ Corporate Communication Macy’s

Kip Kelley Resident Managing Director Aon Risk Services, Inc. Aon Corporation

Michael W. Lewis EVP, Regional President Chicago Metro Region BMO Harris Bank N.A.

James H. Skogsbergh President and CEO Advocate Health Care

John D. Sterling Chief Executive Officer Synch-Solutions

Monica Walker CEO & Chief Investment Officer, Equity Holland Capital Management LLP

Chairman’s Council

Raymond F. McCaskey, Ex-Officio